that “hard” pegs (currency boards or a shared currency) reduce inflationand money growth... …

on March 12, 1933, when he saidthat the reopened banks would be safer than the proverbial“money under the mattress …

of money to promote its economic objectives. Forexample, Milton Friedman (1959, p. 24) defined the tools ofmonetary … policy to be those “powers that enable the [FederalReserve] System to determine the total amount of money inexistence or to … alter that amount.” In fact, the very termmonetary policy suggests a central bank’s policy toward thesupply of money or the …

This paper studies the joint business cycle dynamics of inflation, money growth, nominal and real interest rates and the … velocity of money. I extend and estimate a standard cash and credit monetary model by adding idiosyncratic preference shocks to …

advanced in a cyclical fashion over the fifteenth century. The cycles were associated with changes in the money supply. Long …

the disappearance of good money over this period has provided any solid quantitative assessment of the effectiveness of …